What are the dumbest/most annoying things you have heard people say about trading?

This is a discussion on What are the dumbest/most annoying things you have heard people say about trading? within the General Trading Chat forums, part of the Reception category; Originally Posted by BeginnerJoe
I think he means to say it's a gamble.
Joe, me going out without reinforced underpants ...

Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:

Originally Posted by Splitlink

Peter, it is something more than that. It shows a complete lack of respect for the money that they are frittering away. I know that money has lost a tremendous amount of value over the decades that I have been here but, still, whether GBP/$US/ Euros, 25000 is a lot of money and represents, in many cases, much hard work.

Because they do not respect it, they throw it at the markets but the people taking that money do respect it. That is the difference between one side and the other.

but dont you think that you have to disconnect yourself from the intrinsic value of money to trade effectively ?

Re: What are the dumbest/most annoying things you have heard people say about trading

Quote:

Originally Posted by NVP

but dont you think that you have to disconnect yourself from the intrinsic value of money to trade effectively ?

N

I agree you should disconnect yourself from the dollars & cents while you are in a trade or you will tend to make decisions based solely on the position's dollar value rather than sound trading techniques.

I think what Split means is more along the lines of people just throwing $20000 into an account and saying, "whoohoo, here we go", and not really having any plan or method.